Ionic MT Secures $29M Series B Funding to Accelerate the Nano-Silicon Revolution in EV and Energy Storage Markets

Ionic Mineral Technologies (Ionic MT), recognized as one of "North America's Next Big Thing In Tech" for 2023 by Fast Company, is excited to announce a major funding milestone. The company has successfully raised $29,000,000 in a strategic funding round that will accelerate its mission of redefining the energy storage landscape. As a U.S.-based leader in advanced nano-silicon anode powder production, Ionic MT is paving the way to an electrified future with its proprietary Ionisil™—a drop-in nano-silicon material designed to significantly boost energy density and charging speeds in lithium-ion batteries. This impressive funding achievement not only underscores the growing market confidence in the company’s innovative technology but also reinforces its potential to meet the evolving demands from both the electric vehicle market and broader energy storage sectors. With its vertically integrated process and halloysite-derived Ionisil™ that has been independently verified by OEMs and cell manufacturers, Ionic MT is poised to become one of the nation’s highest-volume producers of this critical battery material. The capital raised will be directed towards ramping up production capabilities, advancing research and development initiatives, and further solidifying its supply chain for future growth opportunities. Beyond scaling production, the funding will support strategic partnerships and market expansion, ensuring that the breakthrough benefits of Ionisil™ are accessible to global markets. By cementing its role in the evolution of battery technology, Ionic MT is set on a path to drive innovation and deliver sustainable energy solutions that are key to a cleaner, electrified tomorrow. To learn more about our journey and vision, please visit www.ionicmt.com.